Foot Locker Dives as Investors Brace for ‘Several Years of Pain’

Foot Locker Dives as Investors Brace for ‘Several Years of Pain’

The results follow disappointing numbers from others in the sporting-goods industry, including Under Armour Inc., Hibbett Sports Inc. and Cabela’s Inc. That’s a sign that the broader field may be headed for “several years of pain,” Quo Vadis Capital analyst John Zolidis said in a research note.

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